HomeMy WebLinkAboutOrdinances Book 15, Page 1146, No Resolution NumberA RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A
PURCHASE CONTRACT 4dITH GUTHRIE MAY FOR THE PURCHASE OF CERTAIN
PROPERTY ADJOINING BROOKS STADIUM PARK, AND PROVIDING FOR THE
TERMS AND CONDITIONS OF SUCH PURCHASE
BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the City Manager he, and he is hereby,
authorized and directed to enter into a purchase contract with
Guthrie May and wife, Alice May, for the purchase of certain land
owned by Guthrie May described eenerally as follows:
Being'in the City of Paducah, Kentucky, adjoining
property of the City known as Brooks Stadium Park,
bounded by same on the north, hounded by Brookhaven
Subdivision on the east, bounded by Mississippi
Street on the west and bounded by Seitz Street on
the south.
Being a part of the same land conveyed to Guthrie
May by Mrs. Anna Schmidt et al, by deed dated
June lE, 1951 and of record in Deed Book 303, page
18L in the McCracken County Court Clerk's office.
Less and except that part of same included in the
dedication of 25th Street, the boundary line of said
property being shown in Block Map Book 4, page 47 in
the office of the City Engineer.
SECTION 2 The terms and provisions for the purchase of the
land set out in Section 1 hereof are as follows:
(a) The total purchase price of "40,000.00, with a deposit
of $2,500.00 as earnest money which is to be applied upon the purchase
price upon the delivery of the deed.
(b) In the event the title is not approved by the Corporation
Counsel of the City of Paducah such deposit money will be promptly
returned to the City.
(c) It is to he further understood and agreed that the
purchase of the land set out in Section 1 hereof is contingent upon
the said land being approved under the Open -Space Program of the
United States of America and in the event such approval is not granted,
the purchase shall not be made and said deposit will be returned to
the City.
(d) The length of time required for the consummation of
the herein purchase shall he a period of not more than one year
from the adoption of this Resolution, and if it is not possible to
consummate same within such time, the said Guthrie May is to be
released from the purchase agreement and the aforesaid deposit of
$2,500.00 is to be returned to the City.
1147
SECTION_3_ The deposit and purchase price as set out in
Section 2 hereof shall be paid from the Public Works Cumulative
Reserve fund of the City of Paducah.
SECTION 4. This Resolution shall be introduced and remain on
file for at least one (1) week for public inspection in the completed
:- form in which it shall be put upon its final passage, and if adopted
shall be in full force and effect ten (10) days thereafter.
_t �io7' c-'� �y.
Mayor
Introduced by the Board of Commissioners December 6, 1966
Passed by the Board of Commissioners December 13, 1966
Recorded by Sarah Thurmam, City Clerk, December 13, 1966.